Hyundai Profits Take A 15% Hit In First Quarter

South Korea's Hyundai Motor has reported a 15% drop in first quarter profit, after being hit by industrial action and the strength of the won.

For the three months to March, net profit came in at 2.1tn Korean won ($1.9bn; £1.2bn) compared with 2.5tn in the same period a year ago.

Since January, the Korean won has appreciated by 4.5% against the US dollar.



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HughJass - 4/25/2013 4:04:27 PM

+2 Boost

That's a shame. Perhaps they can advertise that there's a crate of Galaxy S4s in every trunk to try and move their garbage heaps.